FILE PHOTO: The logo of Vivendi is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, France, April 22, 2021. REUTERS/Gonzalo Fuentes/File Photo
MILAN (Reuters) - Telecom Italia's top investor Vivendi wants to play a bigger role at Italy's largest telecoms group, calling into question the position of CEO Luigi Gubitosi after two profit warnings in three months, two sources close to the matter said.
Telecom Italia (TIM), whose earnings last week were described as "disappointing" by a source close to Vivendi, is burdened by high debt that hampers investments at a time when Italy is stepping up digital connectivity.
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